Top Players in the Maintenance, Repair, and Operations Market

Technology & Media

Top Players in the Maintenance, Repair, and Operations Market

The global maintenance, repair, and operations market size reached US$ 635.4 Billion in 2022. As per the analysis by IMARC Group, the top maintenance, repair, and operations companies are heavily investing in providing customers with a full suite of MRO services, including routine maintenance, repairs, inspections, replacements, and upgrades to offer a one-stop shop for their customers’ needs. Along with this, key players are developing predictive maintenance software and systems that leverage data-driven analysis to identify and address problems before they arise, thus reducing downtime and improving operational efficiency. Additionally, numerous companies are creating specialized MRO services that target specific customer needs. For instance, one company could specialize in HVAC repair, while another could specialize in electrical repairs, which is also contributing to the demand. In addition, top maintenance, repair, and operations companies are launching mobile apps and web-based services that allow customers to access their services quickly and easily anywhere to improve customer satisfaction and loyalty is a major driving factor.  

The widespread adoption of the Internet of Things (IoT) by various leading players to develop MRO services in order to identify and address problems in real-time for reducing downtime and maximizing efficiency is also positively influencing the market. Moreover, numerous companies in the MRO space are providing after-sales services to their customers, such as technical support and repairs, as well as providing advice on how to use the equipment, thus creating a positive market outlook. Some of the other factors driving the market include the introduction of MRO training programs and rapid expansion into international markets. On account of these factors, the market is expected to reach US$ 726.0 Billion by 2028, exhibiting a growth rate (CAGR) of 2.19% during 2023-2028. 

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Top Companies Operating in the Global Maintenance, Repair, and Operations Market

 

1. Adolf Wurth GmbH & Co. KG 

Establishment: 1945 
Headquarter: Künzelsau, Germany 
Website: http://www.wuerth.com  

Adolf Würth GmbH & Co. KG is an international leader actively involved in the manufacturing, selling, and distribution of fastening and assembly materials. It provides logistics services to customers in the manufacturing industry and equips them with customized C-part management solutions. Würth's solutions include scanner-supported storage rack systems, automated electronic ordering systems, and just-in-time supplies in kanban bin systems. By delivering these services, it has become a dependable partner to a large volume of customers from the trades and industries. In addition, it also offers services in related fields that range from electrical wholesale and electronics to financial services. 

2. Airgas Inc. (Air Liquide S.A) 

Establishment: 1982 
Headquarter: Pennsylvania, United States 
Website: https://www.airgas.com/company  

Airgas Inc. (Air Liquide S.A) is a subsidiary of Air Liquide, is a major distributor of industrial, medical, and specialty gases, and safety equipment and related products in the United States. It is also one of the leading suppliers of ammonia products and process chemicals. It serves a diverse range of industries, including manufacturing, healthcare, petrochemical, food and beverage, and construction. It has been widely recognized for its commitment to safety and environmental sustainability, 

3. Applied Industrial Technologies Inc. 

Establishment: 1923 
Headquarter: Ohio, United States 
Website: https://www.applied.com/ 

Applied Industrial Technologies Inc. is a well-respected distributor and technical solutions provider for industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Its leading brands, specialized services, and expert knowledge serve maintenance and repair operators (MROs) and original equipment manufacturers (OEMs) services to numerous industrial verticals. Its multi-channel capabilities offer choice, convenience, and expertise to its customers across the globe. As a value-added business partner, the company strives to introduce new and innovative ways to help its customers maximize productivity and investment returns. 

4. Cromwell Group Holdings Ltd. (W. W. Grainger Inc.) 

Establishment: 1970 
Headquarter: England, United Kingdom 
Website: https://www.cromwell.co.uk/ 

Cromwell Group Holdings Ltd. has been in the industry for over 50 years, providing maintenance, repair, and operations products to all industries, professions, and trades. It offers a wide range of products, from cutting tools to personal protection products, precision equipment to abrasives and power tools, and more. In addition, it provides a diverse profile of technical and specialist support, from product expertise to on-site solutions, to help customers maximize their performance. The company supplies industrial products to aviation, rail and transportation, food, utilities, automotive, engineering and fabrication industries. Its products include cutting tools, abrasives and power tools, precision and measuring equipment, hand tools, lubricants and chemical products, bearings, fluid and power transmissions, stationery and office supplies. 

5. Electrocomponents PLC 

Establishment: 1937 
Headquarter: London, United Kingdom 
Website: https://www.rsgroup.com/  

Electrocomponents PLC, now RS Group plc, is a global omnichannel provider of numerous product and service solutions for builders, designers, and maintainers of industrial equipment and operations. The company's goal is to provide an unrivaled choice of industrial and electronic products while solving problems with innovative solutions and delivering best-in-class customer service. It is able to adapt quickly to customer needs, makes its offer more relevant to the local market, and removes duplication of activity between the regions and the center. The company continues to ensure that it operates a simple, customer-centric model so it can adapt quickly to changes in the marketplace. Its other operational brands include RS Components, Allied Electronics & Automation, OKdo, IESA, Synovos, Needlers, Liscombe, RS Pro, and DesignSpark. 

6. Eriks NV (SHV Holdings) 

Establishment: 1940 
Headquarter: Noord-Holland, The Netherlands 
Website: https://eriks.com/en/about-us/history-of-eriks/ 

Eriks NV is a renowned industrial service provider that offers a broad selection of technical products, co-engineering and customization solutions, as well as accompanying services. The company assists customers from a variety of industrial sectors to enhance their products' performance and reduce their overall expenses. Its technical expertise is the fundamental element of its specialization. It has gained significant experience in the areas of sealing and polymer, gaskets, valves and instrumentation, industrial and hydraulic hoses, industrial plastics, power transmission and bearings, conveying systems and tools, and maintenance and safety products. By concentrating on digitalization and data analysis, ERIKS is able to create novel services and refine processes for its patrons across the globe. 

7. Genuine Parts Company 

Establishment: 1925 
Headquarter: Georgia, United States 
Website: https://www.genpt.com/ 

Genuine Parts Company (GPC) has established itself as a reputable service organization in the distribution of automotive and industrial replacement parts. Through organic growth and strategic acquisitions, such as Motion Industries in 1976, GPC has expanded its reach to customers around the world. Its automotive parts account for two-thirds of the company's net sales, and these are sold both commercially and to retail customers in stores globally. In the United States, the industrial unit of GPC operates under the Motion Industries name and provides maintenance, repair, and OEM clients with bearings, power transmission, industrial automation, and hydraulic, and pneumatic components. Through its focus on delivering quality products and efficient, dependable service, GPC has become a leader in the field. 

8. Graybar Electric Company Inc. 

Establishment: 1869 
Headquarter: Ohio, United States 
Website: https://www.graybar.com/ 

Graybar Electric Company Inc. is a Fortune 500 company that specializes in supply chain management services and is a top North American distributor of high-quality components, equipment, and materials. It provides its services to the construction market, the commercial, institutional, and government (CIG) markets, and the industrial and utility markets. The products and services offered by Graybar support new construction, infrastructure updates, building renovation, facility maintenance, repair and operations, and original equipment manufacturing. With a wide network of distribution facilities, it stocks and sells products from multiple manufacturers, assisting its customers in powering, networking, and securing their facilities with speed, intelligence, and efficiency. 

9. Hayley Group Limited (Descours et Cabaud SA) 

Establishment: 1976 
Headquarter: Birmingham, United Kingdom 
Website: https://www.hayley-group.co.uk/ 

Hayley Group Limited is a supplier of industrial parts and engineering products based in the United Kingdom. The company has specialized in the distribution of industrial products for maintenance bearings, power transmission, sealing products, tools, personal protective equipment, and fluid power. It has earned the trust of numerous maintenance, engineering, and purchasing professionals across the UK, providing services to a wide variety of industry sectors where mechanical and electrical infrastructure or personal safety is a critical component.  

10. Lawson Products Inc. 

Establishment: 1952 
Headquarter: Chicago, United States 
Website: https://www.lawsonproducts.com/ 

Lawson Products Inc is an industrial distributor of maintenance and repair supplies across industrial, commercial, institutional, and government maintenance, repair and operations market. The company offers a wide range of products including fastening systems, hand tools, battery maintenance products, electrical products, brass, iron, and steel fittings, welding products, fluid power products, safety products, abrasives, specialty chemicals, shop supplies, and cutting tools. These products are available in the US and other countries through two operating segments, the Lawson segment, and the Bolt Supply segment. Moreover, it also provides services like inventory management solutions, technical support, and product training to its customers. 

11. Rexel 

Establishment: 1967 
Headquarter: Paris, France 
Website: https://www.rexel.com 

Rexel is a worldwide specialist in professional multichannel distribution of electrical products and services for the energy sector. It works to meet the needs of three main customer markets, such as residential, commercial, and industrial. It provides its customers with a range of sustainable and innovative products, services, and solutions in the field of technical supply, automation, and energy management to help them succeed in their business. The company is committed to accelerate its growth through more customers, SKUs, and digital models while improving its operational and financial performance, primarily through digital solutions. It also has a balanced capital allocation for returns to shareholders and investments for future growth. Besides this, it is also actively seeking for external opportunities to strengthen its position in certain geographies, including the United States, or to add additional skill sets. 

12. Wesco International Inc. 

Establishment: 1922 
Headquarter: Pennsylvania, United States 
Website: https://www.wesco.com/ 

Wesco International is a renowned industrial distributor with three distinct segments, including communications and security solutions,electrical and electronic solutions, and utility and broadband solutions. The company offers a vast selection of products to its active customers through a vast network of branches, warehouses, and sales offices, such as numerous distribution centers. With its innovative solutions, Wesco caters to the needs of commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. It has a local presence in several countries, providing a comprehensive global network to meet the needs of multi-location businesses and multinational corporations.

About Author:

Shree Basu

Senior Content Writer at IMARC Services Private Limited 

Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries.

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